Monday, January 28, 2013

Life in "Progress" State - Illinois edition

Citing inaction on pensions, a prominent Wall Street bond-rating agency downgraded Illinois’ bond rating Friday, making the state the nation’s worst credit risk.

The move by Standard & Poor’s to rate Illinois’ bonds at A- with a negative outlook comes as the state is preparing to go out on the market Wednesday with a $500 million bond issue.


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